In a shocking turn of events, revelations have emerged during the trial of Sam Bankman-Fried, founder of FTX, regarding an alleged conspiracy to manipulate Bitcoin prices. Bankman-Fried’s ex-girlfriend and former head of Alameda Research, Caroline Ellison, testified about damning conversations and documents that shed light on potential market manipulation. One conversation note revealed Ellison’s instruction […]
Crypto data aggregator CoinMarketCap, owned by Binance, has introduced a new plugin for its AI chatbot ChatGPT. This plugin allows users to ask the large-language model (LLM) a range of crypto-related questions. By enabling the plugin, users can access real-time information sourced directly from CoinMarketCap, including listings, gainers and losers, and blockchain statistics. The plugin […]
Former Alameda Research CEO Caroline Ellison testified in court that Sam “SBF” Bankman-Fried, the CEO of FTX, considered raising equity for the crypto exchange by seeking an investment from Saudi Crown Prince Mohammed bin Salman, also known as MBS. Ellison revealed that she had discussed hedging Alameda investments with Bankman-Fried in 2022, during which he […]
Just 47% of retail crypto investors in Hong Kong are aware of the Virtual Asset Trading Platform Regulatory Regime, a legislation which went into effect this June to protect the interest of retail investors in digital assets in the region. According to a report by the Investor and Financial Education Council (IFEC) of Hong Kong, […]
Binance, the world’s largest cryptocurrency exchange, has announced that it will delist 12 liquidity pools from its Binance Liquid Swap platform on October 17. The affected trading pairs include XRP/BUSD, MANA/BUSD, OP/BUSD, BEL/USDT, FTM/BUSD, FUN/USDT, GMT/BNB, GMT/ETH, HFT/USDT, IDEX/USDT, LEVER/USDT, and MAGIC/BTC. The move is aimed at improving liquidity and transaction prices for users. Binance […]
Cryptocurrency trading platform WOO Network has announced its plans to repurchase shares and tokens from bankrupt crypto hedge fund Three Arrows Capital (3AC). This move aims to eliminate the uncertainty surrounding WOO’s business caused by the collapse of 3AC. WOO has reached an agreement with 3AC’s liquidator, Teneo, to buy back the shares and tokens […]
Former Alameda Research CEO, Caroline Ellison, testified in the criminal trial of Sam “SBF” Bankman-Fried, revealing that she provided manipulated financial data to Genesis at Bankman-Fried’s direction. Ellison admitted to creating “alternative” balance sheets that concealed Alameda’s borrowing of $10 billion from FTX and $5 billion in loans to executives and affiliated entities. She expressed […]
The North American Securities Administrators Association (NASAA) has expressed support for the U.S. Securities and Exchange Commission (SEC) in its legal actions against Coinbase. NASAA argues that while cryptocurrencies themselves are not inherently fraudulent, the industry has attracted fraudsters who take advantage of investors’ fear of missing out and their economic situations. NASAA believes that […]
In response to recent attacks by the Palestinian terror group Hamas, Israeli law enforcement has seized cryptocurrency accounts believed to be linked to the organization. It is alleged that Hamas used social media to acquire funds, which were then funneled into custodial wallets on Binance, the largest cryptocurrency exchange. The crackdown was carried out by […]
Sam Bankman-Fried, the founder of FTX, has been accused of sanctioning fraud by Caroline Ellison, the CEO of Alameda Research. Ellison confessed to committing fraud under the instructions of Bankman-Fried, setting up a system to funnel money out of FTX. This system allowed Alameda Research to secure $14 billion from FTX, while manipulating the balance […]
